Mortgage Professional America, Apr. 6, 2020–Candyd MendozaAside from replenishing the national inventory, building new homes might also play a vital role in bringing the US economy back to health once …
Category: Top National News
Forbearance 2020: Standing on the Precipice
HousingWire, Apr. 5, 2020–David Stevens“By virtually eliminating any barrier to entry to obtain forbearance, policymakers have created outrageous moral hazard with potential costs that are unfathomable,” says former FHA Commissioner …
The ‘Forgotten Cog’ in the Real Estate Machine During Coronavirus
National Mortgage News, Apr. 3, 2020–Paul Centopani (subscription)As the mortgage and real estate industries traverse the challenges of the increasingly digital coronavirus landscape, title agents and their integral part of …
Mortgage Firms Teeter Near Crisis that Regulators Saw Coming
Bloomberg, Apr. 3, 2020–Joe LightNonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to …
Homeowners Hurt by COVID-19 Can Delay Mortgage Payments, But Some Say They’re Anxious and Confused about the Real Cost
USA Today, Apr. 6, 2020–Jessica MentonAmericans struggling to pay their mortgages because they’ve lost a job or income during the coronavirus pandemic can put off that bill for up to …
Coronavirus Could Trigger Mortgage Market Crash as First FDIC-Insured Bank Falls
CCN, Apr. 5, 2020–Joseph YoungWest Virginia’s First State Bank became the first bank to fall after the coronavirus pandemic rapidly swept across the United States. The potential closure of more …
Broad Coalition of Mortgage Industry and Housing Associations Call for Liquidity Facility for Servicers
HousingWire, Apr. 5, 2020–Sarah WheelerFifteen financial industry trade associations and affordable housing advocate groups issued a joint statement on Saturday calling on the Federal Housing Finance Agency, the Federal Reserve …
Number of Homes Taken Off Market Doubles Due to Coronavirus
HousingWire, Apr. 3, 2020–Julia FalconIn the midst of record-high unemployment claims and economic uncertainty, supply is declining now more than ever, according to a report from Redfin, as homeowners are …
Certain Mortgage Jobs are Bearing Up as Coronavirus Spreads
National Mortgage News, Apr. 3, 2020–Bonnie Sinnock (subscription)Nonbank mortgage employment estimates show payrolls in February leveled off after an unusually strong winter, but anecdotal reports of selective hiring persisted through …
Jumbo Mortgage Market Disappearing as Lenders Shun Risk
Bankrate.com, Apr. 3, 2020–Ellen ChangThe jumbo loan market is shrinking as some mortgage lenders are facing a liquidity crunch. It’s the perfect storm for lenders as millions of homeowners are …